Despegar.com (NYSE:DESP - Free Report) had its price objective lifted by B. Riley from $16.00 to $19.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.
A number of other brokerages also recently commented on DESP. Citigroup reiterated a neutral rating and set a $14.50 price objective (up previously from $11.50) on shares of Despegar.com in a research report on Monday, April 29th. Cantor Fitzgerald boosted their target price on shares of Despegar.com from $14.00 to $17.00 and gave the company an overweight rating in a report on Friday.
Check Out Our Latest Stock Analysis on DESP
Despegar.com Price Performance
NYSE DESP traded up $2.40 during trading hours on Friday, hitting $14.94. 4,063,280 shares of the company's stock traded hands, compared to its average volume of 707,179. The company has a market capitalization of $986.94 million, a PE ratio of -57.73 and a beta of 2.03. Despegar.com has a 52-week low of $5.55 and a 52-week high of $15.54. The firm's 50-day moving average is $11.89 and its 200-day moving average is $9.75.
Institutional Investors Weigh In On Despegar.com
A number of institutional investors have recently made changes to their positions in DESP. TimesSquare Capital Management LLC raised its holdings in shares of Despegar.com by 27.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 396,400 shares of the company's stock valued at $3,750,000 after buying an additional 85,600 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in Despegar.com in the 4th quarter valued at approximately $189,000. Loomis Sayles & Co. L P grew its stake in Despegar.com by 139.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 673,966 shares of the company's stock worth $4,886,000 after purchasing an additional 392,366 shares in the last quarter. Wealthsource Partners LLC increased its stake in shares of Despegar.com by 1.9% during the fourth quarter. Wealthsource Partners LLC now owns 59,799 shares of the company's stock worth $566,000 after buying an additional 1,122 shares during the period. Finally, Quadrature Capital Ltd raised its holdings in Despegar.com by 117.0% in the third quarter. Quadrature Capital Ltd now owns 43,012 shares of the company's stock valued at $311,000 after acquiring an additional 23,195 shares in the last quarter. 67.93% of the stock is currently owned by institutional investors and hedge funds.
About Despegar.com
(
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Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.
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